Continuing markets such as Fair
With fair trade, along with periodic meetings and mass of buyers and sellers for transactions (actually fair), the stock market must operate on a continuous basis exhibition and sale, including product samples, technical documentation, both for commodities, and any others sold on the exchange of intermediary, commission or other basis.
Fair - is a real commodity market. Moreover, in contrast to the stock exchange and auction halls, on an ongoing product market sellers and buyers can enter into transactions directly with each other - with the subsequent registration and payment services. And unlike, for example, from the collective farm market, a permanent place on such a market can buy (rent with all the organizational, technical, equipment) are not only permanent sellers, but also regular customers.
Exchange trade is carried out under the contracts is the process of implementing the three basic operations:
identification of supply and demand;
agree on the terms of the transaction between the seller and buyer;
Registration (registration) of the transaction.
The contract is the basic document defining the rights and obligations of the parties in the sale (delivery) of all commodities. The exchange transaction is a written formal contract of sale and delivery of "spot market" or "on time".